Software trainer NIIT said on Saturday it has sold its US unit's entire stake in Element K Corp, a step-down subsidiary, to Ireland-based SkillSoft Ltd for $110 million.
Silver was down by Rs 500 in yesterday's trade. Buying activity in gold picked up, as the metal gained in London on easing concern over Europe's debt crisis and increased domestic demand ahead of 'Diwali'.
Tree House, a leading provider of educational services, operates the largest number of self-operated pre- schools in the country.
Snapping a three-day rising streak, gold and silver fell today, due to reduced offtake by stockists and jewellers at existing high levels amid a weakening trend in Asia.
The report shows that buy-out funds raised the most capital in the third quarter, with 19 funds raising $19.4 billion.
Shares of Vijay Mallya-led UB Group companies such as United Breweries, Kingfisher Airlines, United Breweries Holdings and McDowell Holdings rallied by up to 10 percent on the BSE today after the group agreed to sell a 42.5 percent stake in its Formula One team to Sahara Group.
Shares of the auto major, the biggest loser among the Sensex blue-chips during morning trade, fell by 3.36 percent to a low of Rs 170.80 on the BSE.
Max India opened on a bullish note on the bourses and then gained further momentum to touch an early of Rs 190.05 on the Bombay Stock Exchange, a jump of over 6.82 percent vis-a-vis its previous closing price.
The partially convertible rupee ended at 49.335/345 per dollar, 0.7 percent down from its previous close, making it the largest single session drop since Sept 22.
Demand for physical gold, which picked up considerably as prices fell more than 20 percent from last month's record highs above $1,920 an ounce, is continuing to support the precious metal, with Asian buyers particularly active in the market.
The Shipping Ministry today said Shipping Corporation of India's (SCI) does not need any bailout as its finances are sound as of now.
Of the 11 issues in August, four were debt public issues, while there were initial public offerings (IPOs) and three rights issues.
CARE shareholders including State Bank of India, IDBI Bank, Canara Bank and Federal Bank, among others, will offload part of their stake in the company/
CBI today conducted raids on the premises of the Maran brothers in Delhi and Chennai after registering a case against the former Telecom Minister in connection with the controversial Aircel-Maxis deal.
Shares of state-run Coal India surged by over 2 percent in morning trade on the bourses today as the company replaced Anil Dhirubhai Ambani Group firm Reliance Capital on the National Stock Exchange's benchmark index, the Nifty.
UBS has downgraded Tata Steel to 'neutral' from 'buy' and cut the price target by nearly half.
The state-run lender for the power sector has already started the sale process for tax-saving infrastructure bonds and tax-free bonds, which together could raise up to Rs 11,900 crore.
For the ensuing festival season, the bank has further reduced interest rates on new housing and car loans by 25 bps in floating rate category with effect from October 10.
The minimum investment amount for the fund is Rs 5,000 which entails minimum of Rs 500 per month.
Traders said sentiment bolstered after gold climbed in the Asian region following a rise in equities, which were boosted by speculation that policy makers in Europe will step up measures to contain the region's debt crisis.
Barclays Capital has started coverage on the Indian technology sector with an overweight rating on Infosys Ltd and HCL Technologies citing higher growth rate for the next five years.
Oil fell in Asian trade today as investors took profits after sharp overnight gains, analysts said.
The world's wealthiest families have embarked on damage limitation rather than seeking to boost their fortunes as financial turmoil erodes their riches, with some so worried they are putting their money in 'catastrophe' portfolios.
The MSCI EM 50 index contains stocks from Brazil, China, India, Mexico, Russia, South Africa, South Korea and Taiwan as of Oct 4.
Gold prices declined in India, the world's biggest consumer, today reflecting a fall in the global market, and boosting demand during the key festival season, dealers said.
The European and US sovereign debt problems are a "good opportunity" for advanced SMEs to establish an international presence through acquisitions, said MSME Secretary Uday Kumar Varma .
Though the total value of merger and acquisition (M&A) deals in the third quarter this year dropped 56.25 percent, there was an increase in the number of transactions.
State Bank Of India does not expect overseas borrowing costs to rise "significantly" but sees medium-term note borrowing costs rising 1-2 basis points, its chairman said on Wednesday, a day after Moody's cut its rating and sent its shares skidding.
India's service sector has contracted for the first time in more than two years as new business all but dried up and expectations weakened amid concern over a flagging world economy, a survey showed on Wednesday.